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Showing posts from September, 2008

Smoke and Mirrors...

Politics!  Once again it appears that the politicians have fooled us.  In an apparent effort to make an administration (or administrations) look successful, they (temporarily) stimulated the economy in a short-sighted and irresponsible manner.  Surprised?  I'm not.  The two party system is wrought with this type of behavior.  The politicians love to point to the stats.  Look at unemployment...look at the housing market...look at this and that.  But, so often, the numbers are deceptive because they are the result of, what amounts to, bad business decisions.  Decisions that are based strictly on the here and now...without considering the future implications.  Want to buy a house even if, in reality, you can't afford it?  We'll still give you a loan even if there is a good chance you will default on it.  One little hiccup along life's way and you will be over your head in debt.The way I understand it, the government is at fault in all this, though business took advantage …